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BGC Group, Inc.（BGC）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
BGC Group, Inc.的季度营收约是PROCORE TECHNOLOGIES, INC.的1.8倍（$638.6M vs $349.1M），BGC Group, Inc.净利率更高（2.3% vs -10.8%，领先13.0%），BGC Group, Inc.同比增速更快（34.4% vs 15.6%），BGC Group, Inc.自由现金流更多（$175.1M vs $109.2M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 13.8%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
BGC vs PCOR — 直观对比
营收规模更大
BGC
是对方的1.8倍
$349.1M
营收增速更快
BGC
高出18.8%
15.6%
净利率更高
BGC
高出13.0%
-10.8%
自由现金流更多
BGC
多$65.9M
$109.2M
两年增速更快
BGC
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $349.1M |
| 净利润 | $14.4M | $-37.6M |
| 毛利率 | — | 80.1% |
| 营业利润率 | 3.9% | -12.3% |
| 净利率 | 2.3% | -10.8% |
| 营收同比 | 34.4% | 15.6% |
| 净利润同比 | -43.0% | 39.6% |
| 每股收益（稀释后） | $0.03 | $-0.25 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BGCPCOR
| Q4 25 | $638.6M | $349.1M | ||
| Q3 25 | $620.8M | $338.9M | ||
| Q2 25 | $648.0M | $323.9M | ||
| Q1 25 | $534.6M | $310.6M | ||
| Q4 24 | $475.2M | $302.0M | ||
| Q3 24 | $448.9M | $295.9M | ||
| Q2 24 | $435.0M | $284.3M | ||
| Q1 24 | $453.6M | $269.4M |
净利润BGCPCOR
| Q4 25 | $14.4M | $-37.6M | ||
| Q3 25 | $27.9M | $-9.1M | ||
| Q2 25 | $57.5M | $-21.1M | ||
| Q1 25 | $55.2M | $-33.0M | ||
| Q4 24 | $25.2M | $-62.3M | ||
| Q3 24 | $14.7M | $-26.4M | ||
| Q2 24 | $37.8M | $-6.3M | ||
| Q1 24 | $49.2M | $-11.0M |
毛利率BGCPCOR
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% | ||
| Q1 24 | — | 83.0% |
营业利润率BGCPCOR
| Q4 25 | 3.9% | -12.3% | ||
| Q3 25 | 5.4% | -4.4% | ||
| Q2 25 | 11.6% | -9.3% | ||
| Q1 25 | 15.0% | -11.7% | ||
| Q4 24 | 5.7% | -21.9% | ||
| Q3 24 | 4.4% | -12.3% | ||
| Q2 24 | 12.7% | -5.2% | ||
| Q1 24 | 15.7% | -7.0% |
净利率BGCPCOR
| Q4 25 | 2.3% | -10.8% | ||
| Q3 25 | 4.5% | -2.7% | ||
| Q2 25 | 8.9% | -6.5% | ||
| Q1 25 | 10.3% | -10.6% | ||
| Q4 24 | 5.3% | -20.6% | ||
| Q3 24 | 3.3% | -8.9% | ||
| Q2 24 | 8.7% | -2.2% | ||
| Q1 24 | 10.8% | -4.1% |
每股收益（稀释后）BGCPCOR
| Q4 25 | $0.03 | $-0.25 | ||
| Q3 25 | $0.06 | $-0.06 | ||
| Q2 25 | $0.11 | $-0.14 | ||
| Q1 25 | $0.11 | $-0.22 | ||
| Q4 24 | $0.04 | $-0.42 | ||
| Q3 24 | $0.03 | $-0.18 | ||
| Q2 24 | $0.08 | $-0.04 | ||
| Q1 24 | $0.10 | $-0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $851.5M | $768.5M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $972.5M | $1.3B |
| 总资产 | $4.4B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资BGCPCOR
| Q4 25 | $851.5M | $768.5M | ||
| Q3 25 | $774.9M | $684.0M | ||
| Q2 25 | $827.8M | $620.9M | ||
| Q1 25 | $966.4M | $566.7M | ||
| Q4 24 | $711.6M | $775.4M | ||
| Q3 24 | $563.5M | $756.9M | ||
| Q2 24 | $571.7M | $735.4M | ||
| Q1 24 | $566.8M | $744.6M |
总债务BGCPCOR
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $945.0M | — |
股东权益BGCPCOR
| Q4 25 | $972.5M | $1.3B | ||
| Q3 25 | $965.3M | $1.2B | ||
| Q2 25 | $930.5M | $1.2B | ||
| Q1 25 | $963.8M | $1.2B | ||
| Q4 24 | $898.5M | $1.3B | ||
| Q3 24 | $860.1M | $1.3B | ||
| Q2 24 | $858.1M | $1.3B | ||
| Q1 24 | $912.1M | $1.2B |
总资产BGCPCOR
| Q4 25 | $4.4B | $2.2B | ||
| Q3 25 | $5.8B | $2.1B | ||
| Q2 25 | $4.9B | $2.0B | ||
| Q1 25 | $4.9B | $1.9B | ||
| Q4 24 | $3.6B | $2.1B | ||
| Q3 24 | $4.4B | $2.0B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $4.4B | $1.9B |
负债/权益比BGCPCOR
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.97× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — | ||
| Q1 24 | 1.04× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $180.4M | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $109.2M |
| 自由现金流率自由现金流/营收 | 27.4% | 31.3% |
| 资本支出强度资本支出/营收 | 0.8% | 1.6% |
| 现金转化率经营现金流/净利润 | 12.55× | — |
| 过去12个月自由现金流最近4个季度 | $372.9M | $282.2M |
8季度趋势，按日历期对齐
经营现金流BGCPCOR
| Q4 25 | $180.4M | $114.9M | ||
| Q3 25 | $141.9M | $88.5M | ||
| Q2 25 | $71.2M | $30.8M | ||
| Q1 25 | $839.0K | $66.0M | ||
| Q4 24 | $251.9M | $29.1M | ||
| Q3 24 | $88.3M | $39.3M | ||
| Q2 24 | $-53.0M | $58.7M | ||
| Q1 24 | $28.1M | $69.1M |
自由现金流BGCPCOR
| Q4 25 | $175.1M | $109.2M | ||
| Q3 25 | $137.2M | $83.1M | ||
| Q2 25 | $65.0M | $27.9M | ||
| Q1 25 | $-4.4M | $62.0M | ||
| Q4 24 | $245.6M | $17.4M | ||
| Q3 24 | $78.8M | $35.7M | ||
| Q2 24 | $-63.5M | $56.8M | ||
| Q1 24 | $24.9M | $67.1M |
自由现金流率BGCPCOR
| Q4 25 | 27.4% | 31.3% | ||
| Q3 25 | 22.1% | 24.5% | ||
| Q2 25 | 10.0% | 8.6% | ||
| Q1 25 | -0.8% | 20.0% | ||
| Q4 24 | 51.7% | 5.8% | ||
| Q3 24 | 17.5% | 12.1% | ||
| Q2 24 | -14.6% | 20.0% | ||
| Q1 24 | 5.5% | 24.9% |
资本支出强度BGCPCOR
| Q4 25 | 0.8% | 1.6% | ||
| Q3 25 | 0.8% | 1.6% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 1.0% | 1.3% | ||
| Q4 24 | 1.3% | 3.9% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.4% | 0.7% | ||
| Q1 24 | 0.7% | 0.8% |
现金转化率BGCPCOR
| Q4 25 | 12.55× | — | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 9.99× | — | ||
| Q3 24 | 5.99× | — | ||
| Q2 24 | -1.40× | — | ||
| Q1 24 | 0.57× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
